DocPharma, a prescription compliant quick commerce supply chain platform for healthcare, has raised $2 million in a pre Series A funding round led by Equentis. Existing investor 100Unicorns, Vinners and a consortium of strategic angel investors also participated in the round. The company plans to use the funds to build 100 new compliant and licensed dark stores as it expands from over 12 to more than 50 cities. The expansion will strengthen the infrastructure that currently serves more than 30 health and wellness platforms across the country, DocPharma said in a press release. Founded in 2023 by Saquib Ali, Shashank Rai and Sagar Chauhan, DocPharma operates as a backend supply chain platform for healthcare businesses. Its network of licensed dark stores, DocPharma One SaaS platform, AI powered inventory management and prescription compliant fulfilment infrastructure support more than 30 healthcare and wellness platforms. The company works with platforms across categories such as e pharmacies, health insurers, corporate wellness, hospitals, D2C wellness and nutraceutical brands, and pet care businesses. It enables these platforms to deliver medicines and healthcare products to consumers without building their own supply chain. The Bengaluru based startup claims to operate across more than 12 cities and has fulfilled over 800,000 orders, with a fulfilment rate of more than 95%. It said its operations have impacted more than 500,000 lives across India. DocPharma said its proprietary SaaS platform integrates warehouse management, inventory intelligence, order management and fulfilment into a single operating system. The platform provides real time inventory visibility, routes orders to the nearest compliant fulfilment centre and enables prescription compliant processing. The funding comes as healthcare supply chain and quick commerce platforms continue to expand in India, with companies looking to combine faster delivery with the regulatory requirements involved in medicine fulfilment. Bengaluru based pharmacy first quick commerce startup Plazza raised $15 million in Series A funding in July, co led by Accel, Elevation Capital and Nexus Venture Partners. The company plans to use the capital to strengthen its AI driven inventory intelligence, supply chain capabilities and pharmacy network while targeting 15 to 30 minute medicine delivery. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
